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Stock Market & Financial Investment News

News Breaks
May 2, 2013
15:50 EDTRIGIcahn sends letter to Transocean shareholders, urges special dividend
Carl Icahn sent a letter to Transocean shareholders continuing to advocate for a $4.00 per share special dividend. In his letter, Ichan says, "Transocean has at last acknowledged the magnitude of the cost cutting opportunity at the company: in the initial phase, at least $300M of annualized savings. However, the more important issue at this point – how will the $300M in annualized savings impact shareholders? If additional capital is tied up in long dated low return capital projects, we do not believe shareholders will ever see the benefit. We continue to believe that even without the $300M annualized savings, a $4.00 dividend is entirely feasible, but obviously this $300M makes it even more so."
News For RIG From The Last 14 Days
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December 17, 2014
12:51 EDTRIGNY state to ban fracking next year, CNBC reports
Publicly traded companies in the oil services space include Baker Hughes (BHI), Diamond Offshore (DO), Halliburton (HAL), Nabors Industries (NBR), Noble Corp. (NE), Rowan Companies (RDC), Schlumberger (SLB), Transocean (RIG) and Weatherford (WFT).
December 11, 2014
16:01 EDTRIGOptions Update; December 11, 2014
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December 9, 2014
11:24 EDTRIGStocks with call strike movement; RIG GPRO
Transocean (RIG) May 22 call option implied volatility decreased 2% to 63, GoPro (GPRO) April 77.5 call option implied volatility decreased 5% to 58 according to IVolatility.
December 8, 2014
11:31 EDTRIGStocks with call strike movement; RIG GPRO
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December 5, 2014
07:43 EDTRIGLondon bankers see oil slump spurring energy industry consolidation, WSJ reports
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December 4, 2014
11:38 EDTRIGStocks with call strike movement; RIG GPRO
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December 3, 2014
16:00 EDTRIGOptions Update; December 3, 2014
iPath S&P 500 VIX Short-Term Futures down 45c to 26.52. Option volume leaders: AAPL TSLA TWTR AMZN FB NFLX C GILD RIG ABX according to Track Data.
08:03 EDTRIGCAMAC announces additional drilling rig for Offshore Nigeria
CAMAC Energy (CAK) announced that it has signed a contract with a subsidiary of Transocean (RIG) for the provision of the semi-submersible drilling unit Sedco Express for drilling and completion activities offshore Nigeria. The contract allows for the drilling or completion of up to three wells, and CAMAC intends to use the rig to accelerate timing of the tie-in of production from the Oyo-7 and Oyo-8 development wells. With the ability to drill a third well, and an option to extend the contract, the company is also considering using the rig to accelerate its 2015 exploration drilling program. The Sedco Express is an ultra deepwater, semi-submersible drilling rig built in 2000, and is already within close proximity of the Oyo Field in OML 120. The Company’s other rig, the drillship Energy Searcher, will continue the plugging and abandonment operations on the Oyo-5 and Oyo-6 wells.
07:35 EDTRIGTransocean assumed with a Hold at Jefferies
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